EUR/USD: price to test the 34 Moving Average
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed...
EUR/USD: market to test the 34 Moving Average
There's a bullish 'Hammer', so the market is likely going to test the 34 Moving Average (1.1636). A pullback from this level could be a departure point for a decline towards the next support at 1.1511.
We've got a bullish 'Hammer', which has been confirmed. Meanwhile, there's an opportunity to have a local correction towards the nearest support at 1.1572. If a pullback from this level forms next, the pair will probably try to reach another resistance at 1.1636.
Galya Svetlova
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